Dated:- 25-3-2015 – Minister of Urban Development Shri M.Venkaiah Naidu has favoured a share of GST(Goods and Services Tax) revenue for the municipalities across the country to ensure predictable and guaranteed flow of funds to enable them take up urban reconstruction initiatives. He expressed concern over the huge urban fiscal gap while addressing a National Workshop on Governance, Administrative Reforms and Capacity Building here today. The Workshop was organized by the Indian Council for Research in International Economic Relations (ICRIER) with the support of the Ministry of Urban Development. Shri Venkaiah Naidu said that the country s municipalities are the weakest in the world in terms of access to resources, financial autonomy and
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oing towards payment of salaries leaving only a little for mandated functions and development activities. The Minister emphasized that Public-Private-Partnership model is a crucial vehicle for mobilizing huge order of resources required for building smart cities and bridging the huge infrastructure deficit in other urban areas. Shri Naidu observed that the success of PPP in India is associated with projects that are technically simple, have small gestation periods and allow easy estimation of costs but PPP is needed more in the more complex infrastructure projects and this shall be made a success through good governance and institutional framework. Expressing concern over inadequate capacities of urban local bodies, Shri Naidu informed that
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